World Joins 99ers in Demand For Passage of Tier 5 Unemployment Extension

[Joanne98]

People from all over the world who understand the economy are begging for Congress to pass the Tier 5 unemployment extension. This comes after Thursday’s US Jobs Report — featuring an all-time high for first-time unemployment claims — devastated the world’s markets.

In the UK, oil prices fell to a six-week low. The Euro fell to a five-week low. Japan’s Nikkei 225 stock average closed a massive 2% lower than it opened. Markets in Singapore, India, New Zealand, China, South Korea, Australia and many, many more lost between 0.2% and 2% of their value — all in response to one number: 500,000 first-time unemployment claims filed last week in the USA. That’s half a million more people that will become ’99ers if the Great Recession is only halfway over.

The World Suffers When ’99er Suffer

The conclusion here is obvious: until the Tier 5 unemployment extension is passed, it’s more than just the ’99ers that are enduring misery compounded by hardship — it’s basically everyone.

The reasons to pass Tier 5 aren’t just good; they’re overwhelming. They’re not just local to states with high unemployment rates; they’re world wide. Failing to pass the Tier 5 unemployment extension on the very day the Senate and the House reconvene should be considered a crime against humanity — it’s every citizen of the world that suffers.

http://all247news.com/world-joins-99ers-in-demand-for-passage-of-tier-5-unemployment-extension/3820/

[bluestateguy]

1. I have a better idea

At 99 weeks no more unemployment benefits: at that point direct government hiring of the unemployed would kick in. In other words, actual jobs created directly by the government rather than unemployment payments.

In the long run that would be a better investment.

[Joanne98]

2. That will work.

[Raster]

3. At 99 weeks an emergency provision would freeze the purchase of ALL NEW weapons systems, only

...providing funding for weapons systems already in use and deemed mission critical for the current military staffing.

At 109 weeks, the general Pentagon budget would be cut 25%, with the stipulation it would NOT be from soldier's salaries or their benefits. The 25% would immediately be shifted to the civilian new works projects, designed to renovate and reconstruct aging and failing national infrastructure: the power grid, the water system, the highway system. Further, plans would be drawn up to shift more funding from the military to long-range, environmental friendly transportation projects.

[Raster]

4. A nation that cannot provide jobs for it's citizen populace has no business flushing trillions of

dollars of national treasure into the military/industrial sewer, whose overall contribution to the citizens and the Republic is today questionable, at best.